USD/JPY fluctuates around a 98 level

USD/JPY pair was traded flat since yesterday's London session, as the price was bounded by the weekly S1 level at 98.35. Even though the pair is suspended for a while, it remains above the 20-day and 55-day SMAs and the ongoing trend is clearly bullish with a target price of 100 Japanese yen per one unit of the U.S. Dollar.

Market participants' sentiments are heavily bullish, since 73% of opened positions are long and patiently wait for the next appreciation impulse. Placed orders segment is bullish, so that 67% of waiting orders are buy and ready to exploit any downside correction.